This document seeks to harness the inherent ingenuity of the American people to ensure that economic growth is rapid, broad-based, and sustained. Innovation-based economic growth will bring greater income, higher quality jobs, and improved health and quality of life to all U.S. citizens. The Strategy provides a multifaceted, common sense, and sustained approach to ensuring America's future prosperity.

This document updates the Innovation Strategy issued in September 2009, detailing how the Administration, the American people, and American businesses can work together to strengthen long-run economic growth. It begins by explaining the essential role of innovation in past and future prosperity, the central importance of the private sector as the engine of innovation, and the role of government in supporting the innovation system. Building from this framework and the initiatives set forth in the first innovation strategy document, it charts the progress of the initial efforts, discusses additional steps implemented in the past year, and introduces important new initiatives.